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01-01-1970 12:00 AM | Source: Dion Global Solution Ltd
Colgate Palm Q3 net profit up 1.60% at Rs 252.33 cr
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The company reported standalone net profit of Rs 252.33 crore for the quarter ended December 31, 2021 as compared to Rs 248.36 crore in the same period last year, registering a year-on-year growth of 1.60 per cent. Net revenue of the company rose marginally by 3.85 per cent at Rs 1,271.29 crore in October-December quarter of this fiscal as against Rs 1,224.21 crore in the corresponding period last year. During October-December quarter, operating expenses increased by 4.44 per cent to Rs 899.57 crore from Rs 861.32 crore in year ago period. Other Income dipped by 42.51 per cent at Rs 5.68 crore versus (Dec'20 Rs 9.88 crore). Operating Profit surged by 2.68 per cent to Rs 380.55 crore as against Rs 370.61 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.12 per cent in December quarter. Interest declined by 20.11 per cent y-o-y to Rs 1.51 crore, while Taxation increased by 4.48 per cent at Rs 88.47 crore (Dec'20 Rs 84.68 crore).